BITS AND PIESSENS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BITS AND PIESSENS
Largest movements
- Cash +€13,122
up €13,122 (+26.1%), from €50,293 to €63,415
mainly Net result for the year (+€35,777) and Depreciation (+€9,056)
- Receivables within one year +€11,451
up €11,451 (+103%), from €11,082 to €22,532
of which Trade receivables: +€11,616
- Reserves +€34,917
up €34,917 (+97.3%), from €35,880 to €70,797
- Tax, wage and social debts -€11,999
down €11,999 (-55.3%), from €21,701 to €9,702
- Trade debts +€8,361
up €8,361 (+1,562%), from €535 to €8,896
- Debts after one year -€8,189
down €8,189 (-28.5%), from €28,703 to €20,514
- Gross operating margin -€4,964
down €4,964 (-8.0%), from €61,907 to €56,943
- Taxes -€4,350
down €4,350 (-30.7%), from €14,169 to €9,819
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,840 | €122,966 | +€24,126 | +24.4% |
| Fixed assets | 21/28 | €37,144 | €36,898 | -€246 | -0.7% |
| Tangible fixed assets | 22/27 | €37,144 | €36,898 | -€246 | -0.7% |
| Land and buildings | 22 | - | €8,807 | +€8,807 | |
| Plant, machinery and equipment | 23 | €1,876 | €1,416 | -€460 | -24.5% |
| Leasing and similar rights | 25 | €35,268 | €26,675 | -€8,593 | -24.4% |
| Current assets | 29/58 | €61,696 | €86,068 | +€24,372 | +39.5% |
| Amounts receivable within one year | 40/41 | €11,082 | €22,532 | +€11,451 | +103% |
| Trade receivables | 40 | €10,890 | €22,506 | +€11,616 | +107% |
| Other amounts receivable | 41 | €192 | €26 | -€165 | -86.4% |
| Cash at bank and in hand | 54/58 | €50,293 | €63,415 | +€13,122 | +26.1% |
| Deferred charges and accrued income | 490/1 | €322 | €121 | -€200 | -62.3% |
| Total equity and liabilities | 10/49 | €98,840 | €122,966 | +€24,126 | +24.4% |
| Equity | 10/15 | €37,880 | €72,797 | +€34,917 | +92.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,880 | €70,797 | +€34,917 | +97.3% |
| Distributable reserves | 133 | €35,880 | €70,797 | +€34,917 | +97.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,960 | €50,169 | -€10,791 | -17.7% |
| Amounts payable after more than one year | 17 | €28,703 | €20,514 | -€8,189 | -28.5% |
| Financial debts | 170/4 | €28,703 | €20,514 | -€8,189 | -28.5% |
| Amounts payable within one year | 42/48 | €32,257 | €29,655 | -€2,602 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €7,898 | €8,189 | +€292 | +3.7% |
| Trade debts | 44 | €535 | €8,896 | +€8,361 | +1,562% |
| Suppliers | 440/4 | €535 | €8,896 | +€8,361 | +1,562% |
| Taxes, remuneration and social security | 45 | €21,701 | €9,702 | -€11,999 | -55.3% |
| Taxes | 450/3 | €21,701 | €9,702 | -€11,999 | -55.3% |
| Other amounts payable | 47/48 | €2,123 | €2,868 | +€745 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,189 | €9,056 | -€134 | -1.5% |
| Other operating charges | 640/8 | €794 | €1,021 | +€227 | +28.6% |
| Gross operating margin | 9900 | €61,907 | €56,943 | -€4,964 | -8.0% |
| Operating profit (loss) | 9901 | €51,924 | €46,867 | -€5,057 | -9.7% |
| Financial charges | 65/66B | €1,275 | €1,271 | -€4 | -0.3% |
| Recurring financial charges | 65 | €1,275 | €1,271 | -€4 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €50,649 | €45,596 | -€5,053 | -10.0% |
| Income taxes | 67/77 | €14,169 | €9,819 | -€4,350 | -30.7% |
| Profit (loss) for the period | 9904 | €36,480 | €35,777 | -€703 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,480 | €35,777 | -€703 | -1.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.